A bitcoin wallet dormant since 2013 moved $31 million, and it's not the only one

MarketsA bitcoin wallet dormant since 2013 moved $31 million, and it's not the only oneA 12-year-old bitcoin wallet moved $31 million on Monday, part of a broader wave of dormant coins shifting since the Coldcard hack.By Omkar Godbole Aug 4, 2026, 4:48 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowA long-dormant bitcoin wallet holding 500 BTC, inactive since 2013, moved all its funds on Monday amid a widening security crisis involving Coldcard hardware wallets.On-chain data show a notable spike in the movement of old coins, some dormant for five to 10 years or more, amid the ongoing multi-million dollar Coldcard hack incident.A long-dormant bitcoin BTC$64,011.28 wallet woke up Monday, and it wasn't alone. Several old coins have moved on-chain in the same narrow window, all since the Coldcard hack began on July 30.The wallet labeled 18TExP, dormant since 2013, moved 500 BTC, worth $31.3 million, in a transaction first flagged by on-chain tracker Whale Alert. The coins were worth roughly $500,000 when they last moved, 12.7 years ago.Coins moving from one wallet to another doesn't, on its own, reveal anything, except that someone holding a decade-old private key decided it was time to move.And the timing is interesting. The reactivation happened in the middle of an unfolding security crisis around Coldcard, a popular Bitcoin-only hardware wallet, and it’s being read as a security move. “Wallet 18TExP, holding 500 BTC($31.27M), transferred all 500 BTC to a new wallet 1 hour ago after over 12 years of inactivity. The owner may have moved the funds to a new wallet due to security concerns following the Coldcard hack,” blockchain sleuth Lookonchain said on X. Since July 30, attackers have drained thousands of BTC from Coldcard-generated wallets, exploiting a flaw dating back to March 2021. According to researchers at Galaxy, total damage so far is about $130 million in BTC.Over the wee…

A bitcoin wallet dormant since 2013 moved $31 million, and it's not the only one

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